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安波福（APTV）与Academy Sports & Outdoors, Inc.（ASO）财务数据对比。点击上方公司名可切换其他公司
安波福的季度营收约是Academy Sports & Outdoors, Inc.的3.7倍（$5.2B vs $1.4B）。Academy Sports & Outdoors, Inc.净利率更高（5.2% vs 2.7%，领先2.5%）。安波福同比增速更快（5.0% vs 3.0%）。安波福自由现金流更多（$651.0M vs $-13.6M）。过去两年安波福的营收复合增速更高（2.5% vs -12.2%）
安波福（Aptiv）是源自美国的全球知名汽车技术供应商，总部设于瑞士沙夫豪森。其前身是通用汽车旗下的零部件业务板块，后独立为德尔福汽车系统，经业务拆分重组后正式成立安波福，服务全球各大整车制造企业。
Academy Sports & Outdoors是美国知名的运动户外用品连锁零售商，总部位于得克萨斯州哈里斯县，临近休斯顿。品牌曾由戈奇曼家族私有运营74年，2011年被私募机构KKR收购，2020年10月于纳斯达克挂牌上市，旗下门店主营各类运动装备、户外休闲用品等品类。
APTV vs ASO — 直观对比
营收规模更大
APTV
是对方的3.7倍
$1.4B
营收增速更快
APTV
高出2.0%
3.0%
净利率更高
ASO
高出2.5%
2.7%
自由现金流更多
APTV
多$664.6M
$-13.6M
两年增速更快
APTV
近两年复合增速
-12.2%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $1.4B |
| 净利润 | $138.0M | $71.6M |
| 毛利率 | 18.7% | 35.7% |
| 营业利润率 | 8.2% | 7.3% |
| 净利率 | 2.7% | 5.2% |
| 营收同比 | 5.0% | 3.0% |
| 净利润同比 | -48.5% | 8.8% |
| 每股收益（稀释后） | $0.63 | $1.05 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收APTVASO
| Q4 25 | $5.2B | $1.4B | ||
| Q3 25 | $5.2B | $1.6B | ||
| Q2 25 | $5.2B | $1.4B | ||
| Q1 25 | $4.8B | $1.7B | ||
| Q4 24 | $4.9B | $1.3B | ||
| Q3 24 | $4.9B | $1.5B | ||
| Q2 24 | $5.1B | $1.4B | ||
| Q1 24 | $4.9B | $1.8B |
净利润APTVASO
| Q4 25 | $138.0M | $71.6M | ||
| Q3 25 | $-355.0M | $125.4M | ||
| Q2 25 | $393.0M | $46.1M | ||
| Q1 25 | $-11.0M | $133.6M | ||
| Q4 24 | $268.0M | $65.8M | ||
| Q3 24 | $363.0M | $142.6M | ||
| Q2 24 | $938.0M | $76.5M | ||
| Q1 24 | $218.0M | $168.2M |
毛利率APTVASO
| Q4 25 | 18.7% | 35.7% | ||
| Q3 25 | 19.5% | 36.0% | ||
| Q2 25 | 19.1% | 34.0% | ||
| Q1 25 | 19.1% | 32.2% | ||
| Q4 24 | 19.6% | 34.0% | ||
| Q3 24 | 18.6% | 36.1% | ||
| Q2 24 | 19.2% | 33.4% | ||
| Q1 24 | 17.9% | 33.3% |
营业利润率APTVASO
| Q4 25 | 8.2% | 7.3% | ||
| Q3 25 | -3.4% | 10.8% | ||
| Q2 25 | 9.3% | 5.1% | ||
| Q1 25 | 9.3% | 9.2% | ||
| Q4 24 | 9.8% | 6.8% | ||
| Q3 24 | 10.4% | 12.3% | ||
| Q2 24 | 8.7% | 7.5% | ||
| Q1 24 | 8.5% | 11.4% |
净利率APTVASO
| Q4 25 | 2.7% | 5.2% | ||
| Q3 25 | -6.8% | 7.8% | ||
| Q2 25 | 7.5% | 3.4% | ||
| Q1 25 | -0.2% | 8.0% | ||
| Q4 24 | 5.5% | 4.9% | ||
| Q3 24 | 7.5% | 9.2% | ||
| Q2 24 | 18.6% | 5.6% | ||
| Q1 24 | 4.4% | 9.4% |
每股收益（稀释后）APTVASO
| Q4 25 | $0.63 | $1.05 | ||
| Q3 25 | $-1.63 | $1.85 | ||
| Q2 25 | $1.80 | $0.68 | ||
| Q1 25 | $-0.05 | $1.85 | ||
| Q4 24 | $1.22 | $0.92 | ||
| Q3 24 | $1.48 | $1.95 | ||
| Q2 24 | $3.47 | $1.01 | ||
| Q1 24 | $0.79 | $2.19 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.9B | $289.5M |
| 总债务越低越好 | $7.5B | — |
| 股东权益账面价值 | $9.2B | $2.1B |
| 总资产 | $23.4B | $5.4B |
| 负债/权益比越低杠杆越低 | 0.81× | — |
8季度趋势，按日历期对齐
现金及短期投资APTVASO
| Q4 25 | $1.9B | $289.5M | ||
| Q3 25 | $1.6B | $300.9M | ||
| Q2 25 | $1.4B | $285.1M | ||
| Q1 25 | $1.1B | $288.9M | ||
| Q4 24 | $1.6B | $296.0M | ||
| Q3 24 | $1.8B | $324.6M | ||
| Q2 24 | $2.2B | $378.1M | ||
| Q1 24 | $941.0M | $347.9M |
总债务APTVASO
| Q4 25 | $7.5B | — | ||
| Q3 25 | $7.6B | — | ||
| Q2 25 | $7.8B | — | ||
| Q1 25 | $7.6B | — | ||
| Q4 24 | $7.8B | — | ||
| Q3 24 | $8.3B | — | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $4.7B | — |
股东权益APTVASO
| Q4 25 | $9.2B | $2.1B | ||
| Q3 25 | $9.3B | $2.1B | ||
| Q2 25 | $9.7B | $1.9B | ||
| Q1 25 | $9.0B | $2.0B | ||
| Q4 24 | $8.8B | $2.0B | ||
| Q3 24 | $8.9B | $2.0B | ||
| Q2 24 | $11.5B | $1.9B | ||
| Q1 24 | $11.1B | $2.0B |
总资产APTVASO
| Q4 25 | $23.4B | $5.4B | ||
| Q3 25 | $23.5B | $5.3B | ||
| Q2 25 | $23.9B | $5.2B | ||
| Q1 25 | $23.1B | $4.9B | ||
| Q4 24 | $23.5B | $5.1B | ||
| Q3 24 | $24.8B | $4.9B | ||
| Q2 24 | $24.8B | $4.9B | ||
| Q1 24 | $23.6B | $4.7B |
负债/权益比APTVASO
| Q4 25 | 0.81× | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 0.80× | — | ||
| Q1 25 | 0.85× | — | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 0.93× | — | ||
| Q2 24 | 0.48× | — | ||
| Q1 24 | 0.42× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $818.0M | $49.0M |
| 自由现金流经营现金流 - 资本支出 | $651.0M | $-13.6M |
| 自由现金流率自由现金流/营收 | 12.6% | -1.0% |
| 资本支出强度资本支出/营收 | 3.2% | 4.5% |
| 现金转化率经营现金流/净利润 | 5.93× | 0.68× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $191.4M |
8季度趋势，按日历期对齐
经营现金流APTVASO
| Q4 25 | $818.0M | $49.0M | ||
| Q3 25 | $584.0M | $78.6M | ||
| Q2 25 | $510.0M | $157.5M | ||
| Q1 25 | $273.0M | $140.2M | ||
| Q4 24 | $1.1B | $96.9M | ||
| Q3 24 | $499.0M | $91.3M | ||
| Q2 24 | $643.0M | $199.7M | ||
| Q1 24 | $244.0M | $234.7M |
自由现金流APTVASO
| Q4 25 | $651.0M | $-13.6M | ||
| Q3 25 | $441.0M | $21.8M | ||
| Q2 25 | $361.0M | $106.6M | ||
| Q1 25 | $76.0M | $76.4M | ||
| Q4 24 | $894.0M | $34.4M | ||
| Q3 24 | $326.0M | $50.1M | ||
| Q2 24 | $417.0M | $167.4M | ||
| Q1 24 | $-21.0M | $178.9M |
自由现金流率APTVASO
| Q4 25 | 12.6% | -1.0% | ||
| Q3 25 | 8.5% | 1.4% | ||
| Q2 25 | 6.9% | 7.9% | ||
| Q1 25 | 1.6% | 4.6% | ||
| Q4 24 | 18.2% | 2.6% | ||
| Q3 24 | 6.7% | 3.2% | ||
| Q2 24 | 8.3% | 12.3% | ||
| Q1 24 | -0.4% | 10.0% |
资本支出强度APTVASO
| Q4 25 | 3.2% | 4.5% | ||
| Q3 25 | 2.7% | 3.5% | ||
| Q2 25 | 2.9% | 3.8% | ||
| Q1 25 | 4.1% | 3.8% | ||
| Q4 24 | 3.4% | 4.6% | ||
| Q3 24 | 3.6% | 2.7% | ||
| Q2 24 | 4.5% | 2.4% | ||
| Q1 24 | 5.4% | 3.1% |
现金转化率APTVASO
| Q4 25 | 5.93× | 0.68× | ||
| Q3 25 | — | 0.63× | ||
| Q2 25 | 1.30× | 3.42× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | 3.96× | 1.47× | ||
| Q3 24 | 1.37× | 0.64× | ||
| Q2 24 | 0.69× | 2.61× | ||
| Q1 24 | 1.12× | 1.40× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
APTV
| Electrical Distribution Systems | $2.3B | 45% |
| Engineered Components Group | $1.4B | 28% |
| Active Safety | $716.0M | 14% |
| User Experience And Other | $564.0M | 11% |
| Smart Vehicle Compute And Software | $154.0M | 3% |
ASO
| Outdoors | $445.1M | 32% |
| Apparel | $349.8M | 25% |
| Footwear | $292.4M | 21% |
| Sports And Recreation | $288.7M | 21% |
| Other | $7.6M | 1% |
